Image: Bill Maddock/Subsea Systems Institute Bill Maddock has been named director of the Subsea Systems Institute, a national research center established in Houston to develop the transformative technologies…
BG Group has acquired three non-operated positions offshore Newfoundland from Repsol. This provides the company with access to early stage exploration in a proven prospective basin ahead of the first well being drilled later this year…
Image from DOF Subsea. DOF Subsea has been awarded several major contracts with a total value in excess US$351 million (NOK 3 billion), including options, securing both short-term and long-term utilization of assets and personnel…
Eni encountered gas at the Guendalina sidetrack well offshore Italy, according to partner Rockhopper Exploration. The well, located at the Guendalina gas field in the Adriatic Sea, reached its target depth of 3276m measured depth on schedule and budget…
International energy consultancy Xodus Group and Dutch innovation company TNO have completed the first phase of a pioneering joint industry project (JIP) into the dynamic forces that affect the integrity of piping systems, in particular through multiphase flow…
Freeport-McMoRan announced positive drilling results from the Freeport-McMoRan Oil & Gas (FM O&G) 100%-owned Horn Mountain Deep well in the Deepwater Gulf of Mexico (GoM). Initial production from this well, which will be tied back to existing facilities…
The pending Halliburton and Baker Hughes mega merger will result in additional divestures of businesses for the approval of the US$34.6 billion deal, which is also under a three-week delay with the Antitrust Division of the US Department of Justice (DOJ)…
SBM Offshore's main Brazilian subsidiary has received written notification from Petrobras of its ability to participate in the recently issued Libra and Sépia FPSO tenders in Brazil. This follows a thorough review of the group’s compliance standards by Petrobras…
Dubai-based Topaz Energy and Marine awarded Singapore-listed shipbuilder Vard Holidings (VARD) two new contracts, which exceed US$100 million, for the construction of two offshore subsea construction vessels (OSCV) this week. Image from VARD…
Shell is ceasing further exploration offshore Alaska after the company's Burger J prospect failed to prove oil, resulting in a multi billion dollar write-down. The Transocean Polar Pioneer “Shell…
Noble Energy will plug and abandon its Cheetah exploration well offshore Cameroon after finding both crude oil and natural gas shows in multiple non-commercial reservoir sands. Noble said that results from the well are being integrated…
Ezra Holdings Ltd. announced the stepping down of Capt. Adarash Kumar from the board of Ezra as an executive director, as well as the cessation of his position as chief operating officer (CEO) effective 25 September 2015. Kumar will take up the role of CEO at EMAS Offshore Ltd…
It is 20 years since the start of oil production from the Troll field. The 20 year-old can look back on enormous wealth, with 1.56 billion bbl produced so far and US$53.76 billion (NOK 460 billion) in income. Image from Statoil…
The National Oil Corp. of Kenya (NOCK) has invited expressions of interest (EOI) from eligible companies to acquire a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin, Kenya…
Statoil is cutting costs by more than US$1 billion (NOK 9 billion) for the first phase of its giant Johan Sverdrup development in the North Sea, partner Det Norske said. Illustration of Johan Sverdrup…
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